Proposed Provision: B1.5. Progressive price indexing (60th percentile) of PIA factors beginning with individuals newly eligible for OASDI benefits in 2032: Create a new bend point at the 60th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 60th percentile and below. Reduce the 32 and 15 percent factors above the 60th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324343
20332626
203499
2035-9-9
2036-27-27
2037-45-45
2038-63-63
2039-83-82
2040-102-102
2041-122-122
2042-143-142
2043-164-163
2044-185-184
2045-206-205
2046-228-227
2047-250-248
2048-272-270
2049-295-292
2050-317-314
2051-340-336
2052-363-358
2053-386-381
2054-409-403
2055-433-425
2056-457-448
2057-481-471
2058-505-494
2059-530-517
2060-556-541
2061-582-565
2062-609-590
2063-636-615
2064-664-641
2065-692-667
2066-721-693
2067-750-719
2068-780-746
2069-810-773
2070-840-800
2071-871-827
2072-903-855
2073-935-883
2074-967-912
2075-1000-941
2076-1035-971
2077-1070-1002
2078-1106-1033
2079-1142-1064
2080-1180-1097
2081-1219-1129
2082-1258-1163
2083-1298-1196
2084-1338-1230
2085-1380-1265
2086-1423-1300
2087-1466-1336
2088-1510-1372
2089-1554-1408
2090-1599-1444
2091-1643-1479
2092-1687-1514
2093-1731-1549
2094-1774-1582
2095-1816-1615
2096-1858-1647
2097-1900-1679
2098-1941-1710
2099-1982-1741
2100-2022-1771
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